1533 State and 11 West Arrellaga, Santa Barbara, CA, 93101 - Available for Sale

Retail For Sale

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Cantwells Market & Deli

1533 State and 11 West Arrellaga, Santa Barbara, CA 93101

$7,700,000

9,100 SF | Retail

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Nighttime picturesque on State Street

Retail Property For Sale

Price:
$7,700,000
Gross Leasable Area:
9,100 SF
Price/SF:
$846.15
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Business For Sale
Commission Split:
2.5%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1995
Lot Size:
0.43 AC
APN / Parcel ID:
027-231-022
Listing ID
5725240
Last Updated
78 days ago

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Highlights

  • LANDMARK BUSINESS IN EXCELLENT SANTA BARBARA AREA LOCATION NETS $720K ANNUALLY ACCORDING TO SELLER!
  • FEE SIMPLE PROPERTY ON STATE STREET AND CANTWELLS MARKET INCLUDED
  • SELLER CAN BE CREATIVE WITH FINANCING. PLS CALL FOR FINANCING OPTIONS
  • REAL PROPERTY, F.F.&E.'S, EQUIPMENT, T.I.'S. GOODWILL, ETC INCLUDED. INFO DEEMED RELIABLE BUT NOT GUARANTEED.
  • CANTWELLS DOWNTOWN WITH PROPERTY AND BUSINESS PRICED AT $7,700,000
  • NNN VALUE OF PROPERTY IS OVER $5,150,000+ BUSINESS APPRAISAL OF $2,200,000 PLUS INVENTORY @ $350,000

Description

FEE-SIMPLE PROPERTY on State Street and the BUSINESS known as Cantwells Market & Deli are included in this sale. This offering consists of a). two Spanish-tiled buildings totalling 9,100 sq. ft. of improvements on an 18,879 sq. ft. corner parcel on State Street in Santa Barbara and b). the on-going concern known as Cantwells Market & Deli, one of the most dynamic market-delis in metropolitan Santa Barbara generating over $2,650,000 in average annual sales with $710,000 net, discretionary income to seller. 3). Ideal for the adept owner operator, this package sale includes the fee-simple property on State Street, the locally-renowned Cantwells business, all F.F.&E.'s, all T'.I.'s, licenses, goodwill, an Agreement not to Compete, etc. This State Street location sees up to a 1,200 daily customer count. Appealing property in the heart of the downtown Santa Barbara business corridor. Lucrative cash flow, especially for a participating owner. Creative financing is avalable. FEE SIMPLE PROPERTY, ALL IMPROVEMENTS, ON-GOING CONCERN, T.I.'s, F.F.&E.'s, GOODWILL, ETC. INCLUDED! Market rent survey substantiates $2.75 / sq. ft. + NNN for comparable retail spaces on State Street.

The Cantwells Downtown Market & Deli is on the corner of Arrellaga and State Street. A prime piece of FEE SIMPLE real estate included in the offering, it is ideally-located smack-dab on the business corridor of one of the most valuable districts in the nation. Excellent visbility, high traffic (over 30,000 / day), loads of parking and easy-access.

Map of 1533 State and 11 West Arrellaga, Santa Barbara, CA 93101

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Asking Price Index Trends for Santa Barbara, CA Retail For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$202+1.5%+5.5%
-
Metro
$237-14.5%-16.8%
-
County
$237-14.5%-16.8%

View Santa Barbara Market Trends for other property types for sale or lease. Learn more about the chart info.

Cantwells Market & Deli
  • Retail
  • $7,700,000
  • 9,100 SF